Vivaldi Capital Management LP Purchases Shares of 440,051 iShares Silver Trust (NYSEARCA:SLV)

Vivaldi Capital Management LP purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 440,051 shares of the exchange traded fund’s stock, valued at approximately $12,078,000. iShares Silver Trust comprises 1.8% of Vivaldi Capital Management LP’s portfolio, making the stock its 14th biggest position. Vivaldi Capital Management LP owned 0.09% of iShares Silver Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLV. Bank of New York Mellon Corp lifted its holdings in iShares Silver Trust by 29.8% during the fourth quarter. Bank of New York Mellon Corp now owns 760,146 shares of the exchange traded fund’s stock valued at $20,015,000 after purchasing an additional 174,501 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth $220,000. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of iShares Silver Trust by 55.8% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,163 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 5,790 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in iShares Silver Trust by 60.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 25,457 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 9,609 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in iShares Silver Trust by 15.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 26,493 shares of the exchange traded fund’s stock worth $698,000 after purchasing an additional 3,459 shares during the period.

iShares Silver Trust Trading Down 1.0%

SLV stock opened at $29.30 on Monday. The firm has a market capitalization of $14.52 billion, a P/E ratio of -8.51 and a beta of 0.61. iShares Silver Trust has a 12 month low of $24.25 and a 12 month high of $31.80. The firm has a 50 day moving average of $29.68 and a 200-day moving average of $28.74.

iShares Silver Trust Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.